In Reception the children have experience of handling money through role play experiences. In Year One these "real life" experiences are built on through role play and different practical experiences. Through these activities they learn to recognise and know the value of different denominations of coins and notes. They begin to use coins up to 20p to make a total.
In Year Two children are taught to recognise and use symbols for pounds (£) and pence (p). They combine amounts to make a particular value and find different combinations of coins that equal the same amounts of money.
They also solve simple problems in a practical context involving addition and subtraction of money of the same unit, including giving change.
Bananas cost 6p each. If you have 20p how many bananas could you buy? How much change would you get?